CBD Commercial Property News

Property developer Mirvac has purchased the former Melbourne Convention Centre site for $200 million, with plans to create a build-to-rent precinct in the heart of the CBD.

Office property heavyweight Dexus will press ahead with a $2 billion-plus twin tower proposal on Brisbane’s Eagle Street Pier site, with the new precinct signalling its confidence in the Queensland capital.

Hong Kong-based Link REIT has made one of the biggest direct property plays of the year, snapping up an office building beside Westfield Sydney for about $683 million.

Property developers Mirvac and John Holland have won the rights to their first major over-station development and will construct five buildings in Sydney’s inner suburbs worth about $800 million.

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A Maroochydore commercial property with an unforgettable exterior is being offered to both buyers and tenants. Located just moments from the beach and positioned amongst the $20 billion SunCentral development, the property at 1/40 Maud St is …

Brisbane’s rise to become one of the country’s most active office markets has been confirmed with local group Prime Super and advisor Whitehelm Capital swooping on an Adelaide Street tower for more than $150 million.

The heat in Australia’s office market has been put on display, with one of Asia’s largest real estate investment trusts heading the field to acquire an office building beside Westfield Sydney for close to $700 million.

Commercial property transactions are on track to top last year’s record annual total of $37.8 billion, as volumes are driven higher by ever-larger portfolio deals and a slew of big-ticket individual transactions.